Future Social Security Benefit Cuts Could Exceed $500 per Month on Average in These 28 States -- but There's Still Time to Avoid This
Big changes are coming for Social Security, one way or the other.
Overview
Social Security faces a possible 22% benefit cut across the board in just six years if it continues on its current track. That's enough to slash average checks by more than $500 per month in 28 states plus the District of Columbia, and some seniors could lose a lot more.
This isn't guaranteed to happen, and in fact, it's not likely. But it's still worth knowing what the worst-case scenario could look like so you can budget accordingly.
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Details
Source
Originally published at www.fool.com.
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